20-A TMRS Terminate AnnualDRAFT
F:ALICE\ORDWORK\CURRENT\ TMRS Terminaring Updated Service Credits Ord
September 1, 2004
ORDINANCE NO.
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS,
TEXAS, TERMINATING THE AUTOMATICALLY REPEATING
ALLOWANCE OF UPDATED SERVICE CREDITS AND INCREASED
PRIOR AND CLTRRENT SERVICE ANNLTITIES LTNDER THE TEXAS
MLTNICIPAL RETIREMENT SYSTEM (TMRS); MAKING OTHER
FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND
ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Paris, Texas, has heretofore adopted an
ordinance under Section 853.404 of Subtitle G of Title 8, Government Code, as amended
(hereinafter referred to as the "TMRS Act"), authorizing the crediting of updated service credits
on an annual basis and increases in prior and current service annuities under the Texas Municipal
Retirement System (TMRS) to retirees and beneficiaries of deceased members on an annual basis;
and,
WHEREAS, Subsection (e)(4) of Section 853.404 of the TMRS Act provides that such
an ordinance ceases to be in effect for future years if the City adopts an ordinance stating that the
previous order under Section 853.404 will cease to be in effect for future years; and,
WHEREAS, the City Council desires to adopt an ordinance under Subsection (e)(4) of
Section 853.404; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COLTNCIL OF THE CITY OF PARIS, PARIS,
TEXAS:
Section 1. That the findings set out in the preamble to this ordinance are hereby in all
things approved.
Section 2. That by the adoption of this ordinance the City Council terminates the
annually-repeating allowance of updated service credits and the annually-repeating allowance of
increases in prior and current service annuities under the Texas Municipal Retirement System
(TMRS) to retirees and beneficiaries of deceased members as to all calendar years beginning after
the effective date of this ordinance; provided, however, that nothing contained in this ordinance
shall be deemed to preclude the City Council from again adopting an ordinance under Section
853.404 in the future.
Section 3. That conditioned upon providing a signed copy of this ordinance to the Texas
Municipal Retirement System prior to the date, this ordinance sha11 become effective on January
1, 2005.
PASSED AND APPROVED this the 9' day of September, 2004.
Curtis Fendley, Mayor
ATTEST:
Sherian Dixon, Assistant City Clerk
APPROVED AS TO FORM:
Larry W. Schenk, City Attorney